"When I returned to the University three seasons ago, it was a dream come true," Hoiberg said in a statement released Thursday night. "The progress that we have made so far has been very rewarding, but there is more work ahead. I sincerely appreciate the support that President Leath and Jamie (Pollard) have given me. Ames is my home and Hilton Coliseum has given me countless memories as both a player and coach. I look forward to continue leading a program that Cyclone fans can be proud of."

Hoiberg, a former star player at Iowa State and Ames native, has Iowa State to back-to-back NCAA tournament appearances for the first time in 12 years.

The deal is nearly identical to the one that Pollard and football coach Paul Rhoads agreed to before last season.

Full details of the contract are expected to be disclosed at a later date.

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